Quote:
Originally Posted by Rainger99
Quick question on the SOH cap. As I understand it, that only applies to assessed value of the home but the tax rate has no cap on it. So even though my assessed value only goes up 3% - my taxes could go up 50% (in theory). Is that correct?
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Correct. The 2019 rate increase was an example of that.
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Victor, NY
Randallstown, MD
Yakima, WA
Stevensville, MD
Village of Hillsborough
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